COMPANIES Philips reported a rebound in fourth-quarter profits on Monday and said it would maintain its dividend at last year’s level but remained cautious about predicting an economic recovery.
The Dutch consumer electronics, health and lighting company said quarterly net profit rose to €260m or 27 cents, beating analysts’ expectations, compared with a loss of €1.18bn a year ago. Group revenues declined to €7.263bn, a drop of five per cent which was mostly accounted for by currency fluctuations.
